Estonia vs Latvia: Gross capital formation
Gross capital formation over time
- Estonia
- Latvia
How they compare
Latvia currently reports 8.53 billion constant LCU against 8.23 billion constant LCU in Estonia, a difference of 301.44 million constant LCU.
The two have swapped places 9 times across 31 shared years of data; in 1995 it was Estonia ahead.
Estonia ranks 137th and Latvia ranks 135th of 169 countries.
Across the 4 decades both report, Estonia averaged higher in 3 and Latvia in 1.
Head to head by decade
| Decade | Estonia | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2.36 billion constant LCU | 2.07 billion constant LCU | 280.87 million constant LCU | Estonia |
| 2000s | 5.55 billion constant LCU | 5.85 billion constant LCU | 307.95 million constant LCU | Latvia |
| 2010s | 6.75 billion constant LCU | 5.64 billion constant LCU | 1.11 billion constant LCU | Estonia |
| 2020s | 8.38 billion constant LCU | 7.56 billion constant LCU | 826.68 million constant LCU | Estonia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross capital formation, Estonia or Latvia?
- Latvia, at 8.53 billion constant LCU against 8.23 billion constant LCU in Estonia as of 2025.
- What is the difference in gross capital formation between Estonia and Latvia?
- 301.44 million constant LCU, with Latvia ahead.
- How many years of comparable data are there for Estonia and Latvia?
- 31 years are reported by both, from 1995 to 2025.
- How do Estonia and Latvia rank globally for gross capital formation?
- Estonia ranks 137th and Latvia ranks 135th of 169 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross capital formation (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.